Updates

Alpha FX - Eps upgraded by 9% again

August 2019

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

AlphaFX has again announced that revenue for H1 is expected to be £15.6m, a 60% increase on the same period last year and pretax profit will be ahead of expectations. In the light of the update, Liberum has upgraded once again - this time by 9% to £12.4m pretax profit with eps increased to 25.9p.The performance continues to be driven by growth in the core UK corporate market (Liberum says client numbers +30%), as well as an acceleration in European revenue from its multi-lingual team based within its London office. In addition, the institutional division is going great guns whilst the Canadian office has also seen client growth accelerate since opening last October. Tipped at 433p in July ‘17. Stay long and st ...

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